Robert Kiyosaki, who wrote the book “Rich Dad, Poor Dad,” sees bitcoin as a way to protect himself from a “global recession.”
Robert Kiyosaki is a well-known investor and the author of the book “Rich Dad, Poor Dad.” On Twitter, he talked about the global economy and bitcoin. He thinks the world’s economy is worse than the U.S.’s economy during the 1930s Great Depression.
Q: WHATIS WORSE THAN A GREAT DEPRESSION? A: a global recession. UNFORTUNATELY we are in GLOBAL RECESSION. Hang on. Rough landing for world. BAD NEWS Bankruptcy, Unemployment, Homelessness soar. Retirements toast. GOOD NEWS. Bargains everywhere. Gold, Silver, BC PRICELESS.— Robert Kiyosaki (@theRealKiyosaki) January 28, 2023
Kiyosaki wrote on Twitter that the world is in a recession and a “turbulent period” is coming. He used many signs to support his claims, such as a rise in bankruptcies, mass layoffs, and homelessness.
He mentioned that there are bargains to be obtained because the value of silver and gold has dropped, while bitcoin, in his opinion, remains valuable.
“Rich Dad, Poor Dad,” a well-known book about personal finance, focuses on learning about money, being financially free, and building wealth through investments and entrepreneurship. The book’s author, Kiyosaki, is a big fan of bitcoin.
The author thinks that bitcoin has much potential, but he thinks differently about other cryptocurrencies. He believes that the Securities and Exchange Commission (SEC) may “crush” other cryptocurrencies.
Kiyosaki has often said bad things about how the Federal Reserve runs the economy. He has told his large social media following to invest in silver, gold, and bitcoin to protect themselves from future high inflation.
The author sees these assets as a way to save money when the economy and financial system are falling apart.
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